The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-02
FOR JUNE AMOUNTS no $1G,45O,
900, AND FOR THE
Fiscal Year a Reduction OF About
$l09, 0,000-There VIII be
No Extra Session.
THOSE WHO BELIEVE LAMAR
WILL GET THE
Jasticeship are Fixing Up the In.
teIiOr Portfolio to Suit
Themselves.

OF the public debt for the month OF
June is sl6, 10000, which makes the
total reduction for the fiscal year
ended yesterday about 500, 100000.
now SOON rHEY CATCH ON.
The names that are being canvassed
here in connecti N with the Interior
portfolio upon the assumption that
Mr.. Lamar is to be appointed TO the
Supreme Bench, are ii. l.. Muldow, Of
Mississippi, Assistant Secretary /;
George jerks, Of Pennsylvania, So
licitor General; Senator Ransom, OF
North Carolina; Senator Oloquitt, OF
Georgia; ex Senator Davis, OF West
Virginia; Gen. Patrick Collins, OF
Massachusetts,, sud Gen. John M
Palmer, OF Illioois. Ia the opinion Of
several gentlemen of prominencs the
Presiden. should 10 South for the
man, while others hold that q wise
step would bs TO select him from some
section where IL is conceded the De.
mocracy needs strengthening. A gen.
tleg 81 il fuence speaking about
the IL ,..,r, eaid: 1--WE shall probably
not bs Kept waiting long. The Presi.
dent V'll soon see that by making the
judlCr spp ointment as soon as posi-.
bic hs " Il Escape no end OF petitions
aud ,dn'peses in b half OF men who
seriou ly can have no claim TO recog-
nition."
THKRK WILL Bg Nc EXTRA SESSION.
1t eeems to be now generally -
cepted that the President haq conclud.
sd there will be no necessity for an
extra session Of Congress. He has,
since extra session talk began. ex.
pressed himself SO being opposed to il,
and stated on several OCCASIONS that he
hoped affairs might take such shape
that Congress would not have to as.
semble before the hrst Monday in D.
cember. He has lately come to the
conclusion that call OF Congress IN
an extra session is not at all necessary
this year, and has 90 expressed him
self TO several men OF prominence
who have conversed VITA him
on the subject. At the Teas.
ury Department II is stated that
the fears II the New York f1snciers
that there was danger OF u tightnets
in the money market alone caufed the
administration to give q moment q
consideration 10 the demand for an
extra session. These fears appear TO
the treasury officials TO be entirely
without foundation. The circulation
has been expa ided TO the extent OF
$40, 900 900, and is likely to be still
further increased il the pre- ssnt policy
Of Secretary Fairchild continues TO be
carried out. The department has bs-
gun 10 Increase the amount OF cash In
national banks as another me ihod OF
expanding the circulation. II had
been usual 10 allow the nation.
al bank repositories but $4,000,
secured by bonds. for the
use OF Federal Disturbing officers. An
additional $50, 200 Ia now allowed each
bank on adequate bond securities.
The department proposes 10 reduce
the surplus 10 the lowest limit com.
pAtible with safety, and as ilr as II can
be reduced without violation OF law.
II there should be an apprsclable
tightness OF the money market before
Congress convenes pext winter, there
will DO call Of or 4 per cent. bonds
in order to relieve II. The officials OF
the Treasury claim that there is no
danger OF Inconvenience 10 the coun.
try on account OF the alleged limited
amount OF money In circulation at
present.
THE RkyKSUK MOVEMENT TO De DIS
CUssKD.
Speaker Carlisle was expected In
Washington before this time, and a
good many members OF the House
nave come here with the idea OF meet.
ing him. The clse he Is now trying,
which has been p1e,poned from time
10 lime, has kept him la Kentucky.
He Is expected now on the 3fd of
July, or isw days later. His coming
will be- the notice for The arrival OF lhe
lesdi. members Of the Democratic
side Of the Honse, who will meet him
in conferences here on tie revenue
quebtion. They hope TO make
a general sounding Of the
psrly at this conference.
or a series OF conferences 10
be held, 30 no 10 come 10 some sort OF
conclusion az 10 what they will be abe
to do Ia tho way OF reducing the
revenue. They will be met at the
very entrance OF the uhject With the
fact that Mr.. Randall still occupies bis
old position, and tha. lie has not been
idle the while. He hiss talked, one At
q time, with q good many members Of
Congress whose sections are difsatis
fed with the internal revenue system.
II is thought when toe conference
with Mr.. Carlisle 10 held there will be
propositions coming from unexpected
q iArters having In view the repeal Of
the tobacco tar and q sort Of comb blna-
tion internal revenue and tariff reduc.
ton. There will be talk also Of dsgrad
ing Mr.. Randall by deprivine him OF the
Appropriations Oommitte chairman
ship. Altoge her, there will be a mum.
Der Of differences to be rounded up,
but these conferences will be only pre-
liminsry 10 q party caucus, 10 be held
about the time OF the meeting Of Con.
ETt'bt NHeu Nut ultpIhlliOu VI tDe ma
jority will be eeteu. The question OF
who will be the chairman OF the Ways
and Means Committee Ia an important
one. Upon Il depend the prospects, Of
an agreement on the revenue ques.
ton. Mr.. Mills, as second on the old
committee, and an extreme tarifi re.
former. expects 10 succeed Mr.. Morri.
son. He and Mr.. Carlisle are close
friends. The strongest rival Of Mr..
Mills for this position will be s. 3. Cox,
whose appointment will be urged by
many on account Of bis not being such
q stickler for the radical principles Of
free trade, and because he ls more apt
10 act with diplomacy.
nKpUBLIcANs LOADING THEIR aUSs.
The Republicans are already arrAng.
ing the material that they think will
be useful 10 them growing out Of the
Confederate flags episode. Their first
step has been 10 order an edition Of
q quarter OF q million copies Of the
National Tribune, q weekly paper pub.